ECONOMYNEXT – Sri Lanka’s state-run Litro Gas Lanka Limited raised the cooking gas price with effect from midlight of Monday citing rising global prices increase due to high demand, the company said.
Litro said the demand for gas has increased also partly due to ongoing Ukraine and Russia war, festival season, and Winter in the near future.
The price of a 12.5 kg gas cylinder will be increased by 5.7 percent or 250 rupees to 4,610 rupees, while the price of a 5 kg cylinder will be increased by 5.7 percent or 100 rupees to 1,850 rupees. The 2.3 kg gas cylinder price will be increased by 5.5 percent or 45 rupees to 860 rupees.
The Europe region is going through a recession and it is expected to continue in 2023. As a result, the Europe Union has asked countries under he EU to minimize the energy consumption voluntarily, and brace for a colder winter season in the coming months. (Colombo/ Dec05/2022)